This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Business Management – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Organisational slogans, statements or images give clues to how the organisation operations. A) Organisational attributes. B) Role culture. C) Task culture. D) Professed culture. Show Answer Correct Answer: D) Professed culture. 2. A project is officially authorized to begin by the A) Statement of work. B) Registration documents. C) Initiation Papers. D) Project charter. Show Answer Correct Answer: D) Project charter. 3. An advantage of batch production A) High level of worker motivation. B) Some flexibility in design of product in each batch. C) Low unit costs due to constant working machine and high labour productivity. D) Ability to undertake specialist projects or jobs. Show Answer Correct Answer: B) Some flexibility in design of product in each batch. 4. When a business evaluates its business processes to make them more efficient and effective, it can improve its relationships with customers. This process is called A) Business process management. B) Continuous improvement. C) Organizational structuring. D) Employee training. Show Answer Correct Answer: B) Continuous improvement. 5. Which of the following is NOT a trait of aggressive personalities? A) Impatient. B) Obnoxious. C) Pushy. D) Helpful. Show Answer Correct Answer: D) Helpful. 6. What are the five value dimensions you need to focus on to get the value mix right and satisfy customers? A) Cost, delivery, quality, information, and technology. B) Cost, quality, delivery, responsiveness, and innovation. C) Quality, delivery, innovation, flexibility, and agility. D) Responsiveness, innovation, flexibility, agility and quality. Show Answer Correct Answer: B) Cost, quality, delivery, responsiveness, and innovation. 7. Human ..... is the way people get along with each other. A) Leadership. B) Style. C) Relations. D) Initiative. Show Answer Correct Answer: C) Relations. 8. A person who risks his/her own money to create a new business is called a A) Entrepreneur. B) Monopolist. C) Investor. D) Chief office. Show Answer Correct Answer: A) Entrepreneur. 9. Continuous process of comparing actual outcomes with planned outcomes and taking appropriate actions when goals are not met A) Staffing. B) Controlling. C) Leading. D) Organizing. Show Answer Correct Answer: B) Controlling. 10. A cashier at a family dining restaurant placing his finger on a fingerprint scanner before he can operate the cash register is an example of A) Biometric security. B) A search engine. C) Data mining. D) Identity protection. Show Answer Correct Answer: A) Biometric security. 11. Which section of the business plan describes the business? A) 4. B) 2. C) 3. D) 1. Show Answer Correct Answer: D) 1. 12. The combination of the unique qualities that make you who you are is known as your ..... A) Ability. B) Personality. C) Interests. D) Interests. Show Answer Correct Answer: B) Personality. 13. What type of leadership relies heavily on the use of policies, procedures and regulations? A) Dictatorship. B) Authoritarian. C) Laissez-faire. D) Democratic. Show Answer Correct Answer: B) Authoritarian. 14. What is meant by the glass ceiling? A) Difficulty of maintaining a small business profitably. B) Threats from competitors. C) Invisible barrier that once kept women and minorities from being promoted to upper-level positions. D) Difficulty of introducing new products in the market. Show Answer Correct Answer: C) Invisible barrier that once kept women and minorities from being promoted to upper-level positions. 15. Which analyst position analyzes information using mathematical models to help business managers make decisions? A) Management Analyst. B) Operations Research Analyst. C) Budget Analyst. D) Credit Analyst. Show Answer Correct Answer: B) Operations Research Analyst. 16. Which of the following is a contemporary challenge in social issues? A) Health care laws. B) Leadership development. C) Tax rates. D) Downsizing. Show Answer Correct Answer: B) Leadership development. 17. Beginning in high school, a person thinking about becoming a human resource manager should take required core curriculum courses, which include- A) Math, physics, art, and band. B) Athletics, science, spanish and English. C) Math, science, social studies, and English language arts. D) Math, history, geometry, and spanish. Show Answer Correct Answer: C) Math, science, social studies, and English language arts. 18. The idea that most people are motivated by their need for achievement, power, and affiliation is most closely associated with ..... A) Herzberg. B) McClelland. C) Maslow. D) Fiedler. Show Answer Correct Answer: B) McClelland. 19. What is it called when a leader has the ability to give or withhold rewards A) Reward influence. B) Identity influence. C) Expert influence. D) Position influence. Show Answer Correct Answer: A) Reward influence. 20. This intellectual property protects ownership to logos, slogans, designs, phrases and things that are distinctive to the design such as the color, shape, wording for a product is a ..... A) Copyright. B) Trademark. C) Patent. D) Trade dress. Show Answer Correct Answer: B) Trademark. 21. Monitoring the opportunity for loss for a business. A) Risk retention. B) Risk assessment. C) Risk transfer. D) Risk management. Show Answer Correct Answer: D) Risk management. 22. Gathering and analyzing of information about a business is A) Market research. B) Mission statement. C) Collateral. D) Business plan. Show Answer Correct Answer: A) Market research. 23. Person who completes all five management functions on a regular basis and has authority over other jobs and people A) Manager. B) Worker. C) Supervisor. D) Employee. Show Answer Correct Answer: A) Manager. 24. A manager is crucial to a business': A) Innovation. B) Human Resources. C) Efficiency. D) All of the above. Show Answer Correct Answer: D) All of the above. 25. A cash budget is used to ..... A) Identify the profit which has been made from the overall year. B) Forecast the amount of money expected to be received or paid out over a period of time. C) Calculate the gross and net profit. D) None of above. Show Answer Correct Answer: B) Forecast the amount of money expected to be received or paid out over a period of time. 26. If a person wants to work from home in the Business, Management and Administrative careers, what is required? A) A cubicle to keep the person on task. B) Proper travel arrangements to meet with customers. C) A private office to protect confidential information. D) Proper technology to keep the person connected. Show Answer Correct Answer: D) Proper technology to keep the person connected. 27. Overseeing the personnel department of a company, including posting job vacancies, screening resumes, and setting interview appointments are examples of job duties for which business management careers? A) Human resource adminstration. B) Adminstrative admininstration. C) Public relation manager. D) Education adminstration. Show Answer Correct Answer: A) Human resource adminstration. 28. Which of the following is not a common legal structure for a business? A) Company. B) Sole trader. C) Government. D) Partnership. Show Answer Correct Answer: C) Government. 29. A Liquidity ratio ..... A) Measures how profitable the organisation is. B) Measures how able the organisation is to pay its short-term debts. C) Measures how well the capital invested into the company is being utilised. D) None of above. Show Answer Correct Answer: B) Measures how able the organisation is to pay its short-term debts. 30. Attributes necessary for effective leadership are? A) Diagnosing, adapting & communicating. B) Adapting, leading & communicating. C) Diagnosing, leading & communicating. D) Communicating, expendable & leading. Show Answer Correct Answer: A) Diagnosing, adapting & communicating. 31. Which sector of the economy involves extraction of raw materials, farming, fishing, forestry and mining? A) Tertiary sector. B) Primary sector. C) Quaternary sector. D) Secondary sector. Show Answer Correct Answer: B) Primary sector. 32. How do businesses aim to satisfy the needs and wants of individuals and organizations? A) Creating a product. B) Providing a service. C) Extracting raw materials. D) All of the options. Show Answer Correct Answer: D) All of the options. 33. Which of the following is an example of on-the-job training? A) Role playing during an interview. B) Being assigned a mentor to help you during shifts. C) Attending a lecture by an industry expert. D) Undertaking an online module at home. Show Answer Correct Answer: B) Being assigned a mentor to help you during shifts. 34. Which management career often requires a master's degree? A) Administrative services manager. B) Chief executives. C) Operation managers. D) Compliance managers. Show Answer Correct Answer: B) Chief executives. 35. Which of the following is not a basic function of management? A) Planning. B) Administering. C) Leading. D) Organizing. Show Answer Correct Answer: B) Administering. 36. The purpose of a policy is to A) To promote a positive culture. B) Make everyone follow the rules. C) To give the boss scope to fire you. D) To make the work place regimented. Show Answer Correct Answer: A) To promote a positive culture. 37. Personal computers and software that allowed individuals to enter and process their own data were developed in the A) 1970s. B) 1980s. C) 1990s. D) 1960s. Show Answer Correct Answer: B) 1980s. 38. The number of levels of management that a business needs usually depends on the: A) Location of the facility. B) Age of the employees. C) Size of the business. D) Goals of the company. Show Answer Correct Answer: C) Size of the business. 39. Corporate culture A) Refers to the transition, ideas, expectations and beliefs shared by members of the organisation. B) Refers to the values, ideas, expectations and beliefs shared by the external community. C) Refers to the values, ideas, expectations and beliefs shared by members of the organisation. D) None of above. Show Answer Correct Answer: C) Refers to the values, ideas, expectations and beliefs shared by members of the organisation. 40. What is the correct order of organizational levels? A) Top management, operative employees, supervisors, middle managers. B) Operative employees, supervisors, top managers, middle management. C) Operative employees, supervisors, middle managers, top management. D) Supervisors, middle managers, operative employees, top management. Show Answer Correct Answer: C) Operative employees, supervisors, middle managers, top management. 41. Data that are stored on the cloud reside on A) Computers at a central location. B) Weather satellites. C) Widely dispersed Internet networks. D) Small light-weight disposable chips. Show Answer Correct Answer: C) Widely dispersed Internet networks. 42. How many parts are there to a business plan? A) 1. B) 3. C) 2. D) 4. Show Answer Correct Answer: B) 3. 43. The tendency of a business to continue along its current trajectory due to a lack of enthusiasm to change? A) Poor Motivation. B) Organisational Inertia. C) Restraining Force. D) Straight Line Theory. Show Answer Correct Answer: B) Organisational Inertia. 44. People in the first level of management in a company are known as A) Trainees. B) Middle managers. C) Executives. D) Supervisors. Show Answer Correct Answer: D) Supervisors. 45. Production of a group of identical products for example car models with differing features for each model. A) Batch production. B) Cellular production. C) Match production. D) Mass production. Show Answer Correct Answer: A) Batch production. 46. James is creating a list of monthly job duties for the managers in his section. Which business management function is he performing? A) Leading. B) Controlling. C) Organizing. D) Planning. Show Answer Correct Answer: C) Organizing. 47. A written document that outlines the goals for a business and how they plan to reach those goals. A) Business Plan. B) Honor Code. C) Cash Flow Statement. D) Mission Statement. Show Answer Correct Answer: A) Business Plan. 48. What is dispatching A) Assigning roles. B) Job Design. C) Scheduling of Each Task. D) None of above. Show Answer Correct Answer: C) Scheduling of Each Task. 49. A financial reward system where employee pay is tied to their performance? A) Performance Related Pay. B) Bonuses. C) Incentives. D) Performance Management. Show Answer Correct Answer: A) Performance Related Pay. 50. An important aspect of using technology in customer relationship management involves: A) Providing customers with excessive product information. B) Posting customer information on the business's web site. C) Allowing employees to have complete access to customer information. D) Updating customer information in the computer database. Show Answer Correct Answer: D) Updating customer information in the computer database. 51. How can managers coordinate employees' activities? A) Share organizational charts with them. B) Evaluate their results. C) Give them the equipment they need. D) Tell them what to do. Show Answer Correct Answer: A) Share organizational charts with them. 52. A broad, long-term and often inspirational view of a company's reason for existence A) Values. B) Process. C) Vision. D) Procedure. Show Answer Correct Answer: C) Vision. 53. Which of the following are examples of middle-management job titles: A) Floor supervisor, area supervisor, and section manager. B) President, senior vice president, and chief executive officer. C) Collections supervisor, crew chief, and production supervisor. D) District manager, department head, and regional sales manager. Show Answer Correct Answer: D) District manager, department head, and regional sales manager. 54. Business Management A) Keeping the company on track and making sure all goals are met. B) Direct control of a business or enterprise; working with people and using resources effectively and efficiently to accomplish organizational goals. C) Deciding how the company will get the work done to accomplish the goals. D) An employee in charge of everyone and everything. Show Answer Correct Answer: B) Direct control of a business or enterprise; working with people and using resources effectively and efficiently to accomplish organizational goals. 55. This man used the assembly line to revolutionize the automobile industry A) Henry Ford. B) Andrew Carnegie. C) John D. Rockefeller. D) JP Morgan. Show Answer Correct Answer: A) Henry Ford. 56. When employees are not confident in their abilities or do not trust their manager, they are likely to be ineffective with A) A democratic leader. B) An open leader. C) An autocratic leader. D) All of the responses. Show Answer Correct Answer: B) An open leader. 57. Management can be ranked in a ....., which groups each management level in order of importance. A) Sensitivity. B) Change. C) Hierarchy. D) Staffing. Show Answer Correct Answer: C) Hierarchy. 58. Bryan is conducting a monthly analysis to see if his department has performed all the tasks and objectives they set for the month. Which management function is this? A) Controlling. B) Leading. C) Planning. D) Organizing. Show Answer Correct Answer: A) Controlling. 59. Payal wants to be a marketing manager. What qualification would best help her in getting a job in this career? A) Creativity and skills for analyzing historical information. B) Integrity and organizational skills. C) Ability to handle correspondence. D) Long-term planning skills for setting business goals. Show Answer Correct Answer: A) Creativity and skills for analyzing historical information. 60. Which of the following describes the action of assigning authority to someone else to carry out a task? A) Administer. B) Delegate. C) Micromanage. D) Empower. Show Answer Correct Answer: B) Delegate. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBusiness Management Quiz 1Business Management Quiz 2Business Management Quiz 3Business Management Quiz 4Business Management Quiz 6Business Management Quiz 7Business Management Quiz 8Business Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books